Fiscal Note
No funds required.
Title
Declaring the City of Madison's Sherman Avenue, N. Sherman Avenue, and McGuire Street Assessment District - 2026. (District 12)
Body
BE IT HEREBY RESOLVED:
1. That the Common Council of the City of Madison hereby establishes an assessment district known as the Madison's Sherman Avenue and McGuire Street Assessment District - 2026, serving Sherman Avenue from McGuire Street to N Sherman Avenue, Fordem Avenue/N. Sherman Avenue from Northfield Place to Erie Court, and McGuire Street from Sherman Avenue to Fordem Avenue all in accordance with Section 66.0701 (formerly Section 66.62) of the Wisconsin State Statutes and Section 4.09 of the Madison General Ordinances.
2. That the contemplated purposes of this assessment district are to remove and replace the sanitary sewer main and laterals, water main and services, storm sewer main, base course, curb and gutter, driveway aprons, asphalt pavement, pavement marking, signs, street lights, as well as improve pedestrian crossings, add sidewalk on McGuire Street, and spot replace sidewalk as needed along Sherman Avenue and Fordem Avenue/N. Sherman Avenue.
3. That the benefited properties shall have the opportunity to pay the special assessments which may be levied as a result of this assessment district in eight (8) annual installments, subject to the current interest rate in effect at the time of
establishment of the special assessment.
4. That the City Engineer is hereby directed to prepare a report consisting of preliminary or final plans and specifications; an estimate of the entire cost of the proposed work or improvements within the assessment district; a schedule of proposed
assessments, constituting an exercise of police power of the City of Madison; and a statement that the property against which the assessments are proposed is benefited.
5. That upon completion of this aforesaid report, the City Engineer shall proceed in accordance with Section 4.09 of the Madison ...
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